Bitcoin-associated stocks jumped Friday after the cryptocurrency’s price climbed above $104,000.

MicroStrategy (MSTR), the largest corporate holder of bitcoin, saw its shares climb more than 7% by early Friday afternoon.. Cryptocurrency exchange Coinbase's (COIN) stock rose around 5%. Bitcoin miner Riot Platforms (RIOT) jumped 6% and Mara Holdings (MARA) climbed about 13%.

Bitcoin has been on a tear lately, 澳洲幸运5官方开奖结果体彩网:surging nearly 50% since Donald Trump’s election victory partly on optimism that the incoming administratio🥀n will be more favorable to crypto. The cryptocurrency hit an all-time high above 𓄧$108,000 last month.

In December, Trump tapped 澳洲幸运5官方开奖结果体彩网:Paul Atkins to lead the 澳洲幸运5官方开奖结果体彩网:Securities and Exchange Commission. Atkins, a former SEC commissioner under President George W. Bush, has worked recently on digital assets and is set to replace 澳洲幸运5官方开奖结果体彩网:Gary Gensler, who is seen by many as a crypto critic.

Trump will also likely have the opportunity to replace several SEC commissioners whose terms are set to expire during his administration.